Economic crisis to dominate Summit of Americas

PUERTO ESPANA. April 16. KAZINFORM The global financial crisis will top the agenda of the 5th Summit of the Americas to be held this weekend in Trinidad and Tobago; Kazinform refers to Xinhua.
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Presidents and chiefs of government from 34 countries in the Americas, including U.S. President Barack Obama, will discuss the current challenges amid the worst economic recession since the 1930s. Despite all the anti-crisis measures, huge risks remain in the region as unemployment and poverty continue to rise and sustained growth in the past six years has been interrupted. "We are living in a difficult era when the consensus, agreements, discussion and changes of course are necessary. They must be part of our debate," said Jose Miguel Insulza, general secretary of the Organization of American States (OAS) . The participation of the Argentine, Brazilian, Mexican, U.S. and Canadian presidents in the recent G20 summit was "very positive," said Insulza, noting that the outcome of the Summit of the Americas should be valid in the global context. Insulza also said the G20 countries must recognize that strengthened supervision of the market and the financial system is not as an option, but something necessary. Meanwhile, leaders of the Americas will review the measures taken by the G20 and possibly push for further actions to tackle the crisis; Kazinform cites Xinhua. See www.chinaview.cn for full version
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